This Part 1 is the intriguing first shot across the bow to get our attention. It explains the developing crisis in state run universities.
What Kiser has said so far has definitely caught my interest. I’ve read this one and I’m looking for part 2.
This is going to be interesting. I think you will enjoy it as well. So, read this one and then catch the number 2 article when it comes. While you are at this, it might be a good idea to favorite the site. There might be a part three. Besides, you’d enjoy reading the site regularly. I do.
by Paul Kiser USA PDT [Twitter: ] [Facebook] [LinkedIn] [Skype:kiserrotary or 775.624.5679] Article first published as Is Higher Education Doomed (Part I): Driving Off a Cliff Near You – The State-Run University on Technorati.com Part I The average cost of a college degree is rapidly rising. In 2006, the annual average cost for tuition and fees at a state- … Read More
Of course, these administrators should. Over the year, hundreds of colleges gave student credit card issuers amazing access in return for cold cash. Colleges surrendered such personal information as student emails, addresses and phone numbers so these companies could pelt students with promotions. And schools allowed credit card issuers on their campuses where they lured kids into signing up for student credit cards in return for t-shirts or other freebies.
Of course, they don’t. Guilt is for suckers. Winners take their opportunities as they come. After all, those students are adults (most of them). They make their own decisions, right?
Looks to me like shooting fish in a barrel.
For years, colleges pushed credit cards on to their most vulnerable students, often those without income and certainly those without financial savvy. The colleges made a tidy sum. A few of their students committed suicide and a great number wound up in debt that fifteen or twenty years will be required to pay it off.
Of course, they don’t feel any responsibility. It was just business.
Average student credit card debt – $3173.
Hook ’em and Cook ’em.
And the colleges, universities and alumni associations weren’t protecting their students. They were exploiting them.
Business ethics – You don’t rip off your customers. (Apparently this is hard for some people.)
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